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Strategies & Market Trends : Metastock 6.0 for Window

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To: David R. Evans who wrote (1886)4/7/1998 9:15:00 PM
From: Paul Beattie  Read Replies (4) of 4056
 
Hi Dave,

Thank you for sharing your system with us. It is valuable for me to have your explanations about what you see. Based on some of Richard's ideas, there is another indicator which I find speaks to me in combination with the set you've been using.

I created an indicator "C/89TS(8)" defined as: (C/Ref(Mov(C,89,TIMESERIES),-8))-1
Horizontal line at 0

On many of the charts I've looked at, longer moves begin with C/89TS(8) moving up through 0 (or bouncing off 0) at the same time as StochRSI(14) is giving its signal. Thus, I see its function as a confirmation / filter.

[Obviously, another approach is to use a 89TSMa(8 day shift) on the price chart and watch price move above the MA.]

I'm interested in your comments. Thanks,

Paul
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